AutoCanada Inc. earnings declined by roughly 30 per cent in the third quarter of 2023, despite a small increase in revenue and what the company’s Executive Chairman Paul Antony described as a “surprisingly resilient” vehicle market.
The tighter margins contrasted with a vehicle sales environment that’s remained robust despite consumers facing high vehicle prices and elevated interest rates compared to recent years. Alongside its quarterly earnings, AutoCanada also rolled out a new five-year strategic plan dubbed Project Elevate.
Nederland Laatste Nieuws, Nederland Headlines
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